ECB Rates |
|
As expected ECB lift rates to 4.25%, and we have some initial spikes, that still say no much: as the rate hike was already priced in. The mover today will the Non Farm Payroll employment report togheter with Mr Trichet speech. It’s early to define a direction for majors, but we will have to watch not only the Payroll, but the unemployment rate, expected better than previous month. If it does come out better, greenback could give a surprise to the upside, although it seems unlikely.
Trading opportunities will be:
Eur/Usd above 1.5920
GBP/Usd above 1.9975
Usd/Chf: under 1.0098
Usd/JPY: under 105.86
Watch out for gaps ( probable corrections to reenter the market) and wait at least 15 minutes after the publication in order to let the market digest the new.
Filed under: Forex Advisor
Latest Posts
- Learning To Trade On The Forex — by CHARLIE CORY
- Forex autopilot trading robot (never recorded loss in 6 months …
- 200pips EURNZD Mission Accomplished
- Daily Scalping Tip
- The Euro depreciated against most major currencies
- The Euro depreciated against most major currencies
- Chart of the Day - GBP/USD
- Automatic and Automated Forex Currency Trading Systems
- Sinking Rapidly Into Depression
- Finding Online Forex Trading Training
- USA: Employment - Broad Based Decline Consistent With Recession
- More Monopoly Money…
- USA: Unlike Manufacturing, Service Sector Activity Holds Up In September
- EURUSD charts badly on the monthly
- Oil and the new world order
No Comments! Be The First!